Enjoying the preview?
This is the free first lesson. Get full access — request a demo or sign in.
Understanding Employee Turnover & Retention
Learn about employee turnover and retentionPreview the first lesson free — get full access to all 5 lessons.
Intermediate Provider : Karl Michel 5 Lessons · 18m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Reducing employee turnover, and thus increasing employee retention, is crucial for the success of any business. High turnover exposes businesses to new risks, like lowered engagement and morale, and it can drain valuable resources and time spent recruiting and hiring replacements. Businesses also lose productivity when skilled employees leave, and it can take weeks or months to train new employees to return to the baseline for productivity. Implementing effective retention strategies helps your team focus on their important tasks, projects, or long-term business objectives instead of constantly managing incoming employees. So how can managers and business owners become better equipped to develop retention strategies that lead to long-term success?
In this course, you’ll get an in-depth look at employee turnover and retention. We’ll explore strategies to identify factors that cause attrition, predict turnover, and maintain retention within the team. You’ll learn about the true cost of high turnover, different approaches to addressing employee retention, and strategies for creating an environment that encourages engagement and loyalty.
What You'll Learn
- Identify key factors that contribute to employee turnover
- Analyze how high turnover affects an organization's finances
- Recognize employees' key needs in the workplace
- Describe how employees can be incentivized to remain with the company
- Predict turnover and apply strategies to maintain retention within the team
- Create an environment that encourages engagement and loyalty
Key Takeaways
- Reducing employee turnover and increasing retention is crucial for the success of any business.
- High turnover exposes businesses to new risks such as lowered engagement and morale, and drains resources and time spent recruiting and hiring replacements.
- Businesses lose productivity when skilled employees leave, and it can take weeks or months to train new employees back to the baseline for productivity.
- Effective retention strategies help teams focus on important tasks, projects, and long-term objectives instead of constantly managing incoming employees.
- Addressing employee retention includes recognizing employees' key needs and incentivizing them to remain with the company.
Frequently Asked Questions
Who is this course for?
It is designed for managers and business owners who want to become better equipped to develop retention strategies that lead to long-term success.
What does this course cover?
It provides an in-depth look at employee turnover and retention, including strategies to identify factors that cause attrition, predict turnover, and maintain retention, the true cost of high turnover, different approaches to addressing retention, and strategies for creating an environment that encourages engagement and loyalty.
What skills will I gain?
The course focuses on management, employee retention, and staff management skills.
What topics do the lessons include?
Lessons include an Introduction, The Impact of High Employee Turnover, Why Do Employees Leave?, What Do Employees Need?, and a Test Your Knowledge assessment.
